LafargeHolcim's H1 2018 profit drops 43%

LafargeHolcim first half profit fell 43 percent, the company said on Friday, as the world's largest cement took 300 million Swiss francs ($301.81 million) in restructuring costs from its overhaul under Chief Executive Jan Jenisch. The Zurich company said first-half net profit tumbled to 371 million Swiss francs ($373.24 million), from 651 million francs a year earlier. Sales rose 2.7 percent to 13.27 billion francs, while the company confirmed its target of increasing net sales by 3 to 5 percent every year, and lifting its core operating profit by at least 5 percent.